Top News

Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres such as Paris, Frankfurt and Dublin.

Indian markets recovered last week after a brief wobble following the resignation of the central bank governor, on hopes that the new head will ease financial conditions and bolster growth ahead of general elections next year.

Tencent Music Entertainment’s somewhat muted debut last week left investors with a positive mark heading into year-end, continuing a run of major Chinese listings that have struck a chord with US buyers.

Arch-rivals Uber Technologies and Lyft are racing to beat each other to public markets next year, and the winner could gain a significant strategic advantage in their pitched battle to dominate the US$200bn ride-hailing industry, bankers and analysts say.

If 2018 was not a stellar year for IPOs, with total issuance in EMEA of US$44.2bn across 176 deals versus US$49bn and 218 in 2017, the drop in IPO issuance was small compared with the fall in total ECM activity across the region.